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StanChart staff brace for big change under new chief

Bill Winters will need to take tough decisions to reverse 2-year slump in bank's fortunes, say insiders

Mr Winters faces challenges including cleaning up the bank's books following a spike in bad loans, raising at least US$4 billion in capital and improving investment banking performance.

Hong Kong

INCOMING Standard Chartered chief executive Bill Winters will need to take tough decisions that predecessor Peter Sands deemed unnecessary, in order to reverse a two-year slump in the bank's fortunes, according to some insiders and bankers.

In a major boardroom reshuffle...

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